The Minneapolis Public Schools has terminated negotiations with L&H Station Development, which had proposed an ambitious mixed-use redevelopment calling for more than 500 units of housing at a large urban south Minneapolis site adjacent to light rail transit.

Developers have secured some neighborhood support for L&H Station, an ambitious $80 million mixed-use redevelopment of a site at Lake Street and Hiawatha Avenue in south Minneapolis, where the Hiawatha light rail transit line also has a stop.